---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-009104"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2025-02-03T23:59:59+00:00"
generated_at: "2026-05-27T03:51:33.970244+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SGBX enters merger agreement with NAHD (Olenox/Machfu); 4M convertible preferred shares to be issued

## Summary
- Merger consideration: 4M Series A non-voting convertible preferred shares (1:15 conversion to common), subject to SGBX shareholder approval.
- Acquisition adds Olenox (energy production/services) and Machfu (industrial IoT with 20,000+ gateways deployed).
- Pro forma combined net income projection for 2025: ~$2.58M; 2026 Q1: ~$1.94M.
- SGBX expects merger to cure Nasdaq stockholders' equity deficiency and provide access to capital on improved terms.
- Deal structured as two-step sign-and-close; common share conversion requires Nasdaq and regulatory approvals.

## SEC filing metadata
- accession: 0001213900-25-009104
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2025-02-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390025009104/0001213900-25-009104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390025009104/ea0229560-8k_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-009104
- JSON: https://secwatch.observer/filing/0001213900-25-009104.json
- Plain text: https://secwatch.observer/filing/0001213900-25-009104.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.